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u.s. based online casinosThe Caesars board rejected the offer, saying it undervalued the firm and wasn’t “consistent with the company’s plans to create and enhance shareholder value over the long term.Shares were up four percent on Friday to a close of .7 percent gain.5 percent, a 1.”Icahn additionally states that the company should be focused on finding CEO Mark Frissora’s successor – which is well underway – and strategies to improve operating performance and optimize real estate assets.As a result, Las Vegas casinos were able to charge more premium rates for hotel rooms.harrah s cherokee casino club